Banking & Finance and Human Resources

Bank names Grand Rapids president

August 8, 2016
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David Dams
David Dams. Courtesy Old National Bank

A bank looking to further establish its presence in West Michigan has named a banker with more than 38 years of Grand Rapids experience as its president of the region.

Old National Bank said today that it has named David Dams president of its Grand Rapids region.

He fills the role recently held by Laurie Beard, who retired in May after joining Old National in 2015, following its acquisition of Founders Bank & Trust.

Dams will be responsible for all bank activity in the Grand Rapids market, with a specific focus on business development and community development.

He will head up all four major branches of Old National’s portfolio in the market: retail banking, commercial lending, mortgage lending and wealth management.

Old National’s Michigan CEO Todd Clark said Dams’ leadership, passion, experience and extensive local ties “will greatly enhance Old National’s ability to positively impact the greater Grand Rapids area economically and philanthropically.”

Dams said Old National’s focus on growth and people are what drew him to the position.

“Old National is definitely focused on growth in Grand Rapids,” he said.

Dams’ background

Most recently, Dams served as an EVP with Fifth Third Bank. Dams worked for the bank and its predecessor, Old Kent Bank, for more than 38 years.

Dams serves on the board of the Goodwill of Greater Grand Rapids Foundation and President Ford Council for the Boy Scouts of America.

Previously, he was a board member for the American Red Cross, Salvation Army, Western Michigan University Haworth College of Business and Experience Grand Rapids.

He is a graduate of Michigan State University.

Old National

Headquartered in Evansville, Indiana, Old National entered the West Michigan market in 2013 with its acquisition of the southwest Michigan holdings of Bank of America.

In May, Old National continued to establish its presence in the region by announcing its plans to build a West Michigan headquarters in Kalamazoo.

Old National has $12 billion in assets.

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